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22nd April 2000
Today my letter from the Chairman of the Pension Fund arrived confirming that I along with all the other pensioners are not to receive any increase in our pensions yet again. Reading between the lines it would appear that we can kiss goodbye to any future increases as well. Also that active member contributions are set to increase along with that of the shipowners (perhaps).Firstly I address the shipowners who it would appear are blocking any moves which might cost them money, no surprises here, when was the last time shipping companies voluntarily gave anyone an increase in anything except overtime, paperwork and earache. In the March Telegraph it was stated that the shipowners have a commitment to fund any deficits, why aren't they? It has also been said that there are not many shipping companies left around to fund such shortfalls but most of the old ones were taken over by current day multi-nationals surely they are responsible? Looking at the numbers supplied so far by the Pension Fund would it be fair to say that if the Right Honourable Chancellor of the Exchequer hadn't lifted from our pension Fund that in fact our fund would have a surplus? This being the case why aren't the shipowners banging on the door of Number 11. They've been pretty good at it in the past over tax breaks which increase profits with hardly any commitment to British Industry or jobs whatsoever. Secondly Numast, how on earth they can sit around the same table with shipowners who are clearly abrogating any responsibility towards its pensioners whilst still insisting having input as to decisions, the whole thing is an absolute disgrace. The sooner that Trustee selection is given a radical overhaul the better and why isn't that Union petitioning Gordon Brown as to his plundering of our Fund. I dare say that here it's going to be a case of 'if only you really knew what efforts are being exalted on your behalf' Yes of course. Now the Pension Fund itself, not as good as we have been historically led to believe. Can't blame you though after all everyone else has the same problem (not according to the National Association of Pension Funds, see answering letter from Mr. D.C. Astley). Whoever answered the Pensioners enquiry at the last Forum as to what he was to do about spiralling cost increases in food and rent wand was given the answer that utility charges and phone bill charges were falling should seriously consider finding another occupation. I suggest politics, insurance salesman or even ship owner as the correct career move. To close for the time being, it seems that no one is at fault and no one is to blame, small comfort for those who's income is set to fall with no recourse whatsoever, anything to say this time, Chris? |